Guardian: Hollywood film output likely to fall by a third

Guardian: Hollywood film output likely to fall by a third

The number of films being produced by Hollywood is set to fall by more than a third as the major studios struggle against a twin threat, industry analysts say. Their problems stem from a dearth of funding and from the digital revolution in the way people consume moving images. Mark Gill, head of the Film Department, an independent film finance firm, predicted that last year’s peak of 606 films to emerge from Hollywood would fall to fewer than 400 next year “and it may go lower than that in future.” Ed Pilkington reports.